The inductees were announced at a press event presented by Haggar Clothing Company.

The 10 members of the Class of 2016 will be honored September 8-10, 2016 during this year's Enshrinement festivities in Springfield, Massachusetts.

“The impact the Class of 2016 has had on the game of basketball is gigantic,” said John L. Doleva, President and CEO of the Naismith Memorial Basketball Hall of Fame. “To have several icons of the game be recognized in the same year makes this class one of the most memorable to date. We look forward to honoring each of these inductees during Enshrinement in September.”

Iverson was announced as a headliner on the finalist list in February.

The 40-year-old had an extremely successful run in the NBA.

An 11-time NBA All-Star (2000-06, 2008, 2009), Iverson played 14 NBA seasons averaging 26.7 points and 6.2 assists per game. A three-time All-NBA First Team selection (1999, 2001, 2005), he led the league in scoring average four times (1999, 2001, 2002, 2005), steals per game three times (2001-03) and minutes per game seven times (1999, 2001-04, 2006-08). Iverson was named NBA Rookie of the Year in 1997 and NBA MVP in 2001. The Hampton, Virginia native attended Georgetown University (1994-1996) where he set the school record for career scoring average and earned consensus First Team All-America honors (1996).

24 Hall of Famers and members of the media are part of the committee that voted on the finalists. 18-plus votes ensure a spot on the coveted list.